On Friday, Shares of Sealed Air Corp (NYSE:SEE) gained 1.46% to $47.83. The share price is trading in a range of $46.27 – 48.39. The stock exchanged hands with 3.94 million shares contrast to its average daily volume of 1.68 million shares.
Sealed Air Corporation (SEE) declared financial results for fourth quarter and full year 2016. Commenting on these results, Jerome A. Peribere, President and Chief Executive Officer, said, “In 2016, we generated a record level of cash flow, delivered margin improvement for the fifth successive year and introduced an unprecedented number of new and innovative solutions to our customers around the world. These innovations coupled with end-market growth opportunities lead to raised demand for our protein packaging, hygiene and e-Commerce solutions. Similar to our third quarter, these positive trends were offset by unfavorable currency, challenging business environments in emerging countries and Australia, and softness in the industrial market. We are confident the underlying fundamentals of our strategy are intact and expect accelerated top line growth and profitability improvements in 2017.”
Peribere continued, “As we proceed with our plans to pursue a tax-free spin-off of our Diversey Care and related food hygiene and cleaning business, or ‘New Diversey,’ we are also exploring other planned alternatives, counting a potential sale of New Diversey. This is the appropriate next step in our Company’s transformation and will facilitate us to unlock meaningful value for customers and shareholders.”
Unless otherwise stated, all results compare fourth quarter 2016 results to fourth quarter 2015 results. Year-over-year financial negotiations present operating results as stated, and on an organic or constant dollar basis. Constant dollar refers to unit volume and price/mix performance and excludes the impact of currency translation from all periods referenced. Organic refers to unit volume and price/mix performance and excludes the impact of currency translation and the results from the divestiture of the North American foam trays and absorbent pads business, which was divested on April 1, 2015, and the divestiture of the European food trays business on November 1, 2015 (together “divestitures”), from all periods referenced. In Addition To, non-U.S. GAAP adjusted financial measures, such as Adjusted Earnings Before Interest Expense, Taxes, Depreciation and Amortization (“Adjusted EBITDA”), Adjusted Net Earnings, Adjusted Diluted Earnings Per Share (“Adjusted EPS”) and Adjusted Tax Rate, exclude the impact of certain specified items (“Special Items”), such as restructuring charges, charges related to ceasing operations in Venezuela, cash-settled stock appreciation rights (“SARs”) granted as part of the Diversey acquisition, special tax items (“Tax Special Items”) and certain other infrequent or one-time items. Please refer to the financial statements included with this press release for a reconciliation of U.S. GAAP to Non-U.S. GAAP financial measures.
Sealed Air Corp (NYSE:SEE) have shown a high EPS growth of 2.30% in the last 5 years and has earnings growth of 97.20% yoy. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -8.53% below its 52-week highs and is down -3.72% for the last five trades.
Shares of General Mills, Inc. (NYSE:GIS) declined -0.48% to $62.76. The share price of the stock surged 13.35% for the year.
Analysts give GIS a mean recommendation of 2.90. The company has grown 2.77% in past 3 months and in the last five trades has moved up 0.05%. The stock has earnings growth of -7.10% yoy and showed a high EPS growth of 0.50% over the past five years. The stock’s price moved down its 200-day moving average of $64.32. The stock is presently trading up its SMA-50 of $62.00.